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Pay off Mortgage & rent or keep it???
Comments
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Personally I think you have 2 options available to you.
1) Make the most of your low interest rate by massively overpaying your current mortgage (will depend on mortgage terms). If you can't afford to overpay heavily then you have problems
or
2) Sell your rental properties and use the equity to bring down the capital on your household mortgage and either take out a repayment mortgage or keep the same one and again overpay (again terms and conditions dependent).0 -
would you recommend overpaying rather than saving? I can put away nearly 1k a month if I am super super careful...0
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would you recommend overpaying rather than saving? I can put away nearly 1k a month if I am super super careful...
Yes saving is probably a good idea, as long as you are disciplined enough to stick to it. It is probably a better idea than overpaying if you get a good rate.0
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